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almost 1.5%. overseas markets are trending lower this morning. the thing is, you hear people in other situations say the president, because now he doesn't face re-election is more than willing this time to perhaps let the country go off the fiscal cliff much more than he was last time around. so a real potential that everyone's taxes go up january 1. this is -- they're not bluffing as much this time around. it really could happen. well, overseas now where israeli aircraft, tanks and naval gun boats are pounding the gaza trip for a second day. >> this follows the military strike yesterday that killed a top hamas leader. abc's alex marquardt reports from tel aviv in the newest wave of violence in the region. >> reporter: the car below is carrying hamas' top military commander. he has no idea he is in the cross hairs. then what israel called a surgical strike. in the blink of an eye, israel had killed one of its most wanted. ahmad jabari who for more than a